Biocon share may slip up to 21 per cent if breaks 52-week low
Shares of HCL Technologies slipped 3.3 per cent to Rs 1,108.55 on the BSE in Friday's intra-day trade on profit booking
A more than $100 billion rout in the share prices of the highly leveraged infrastructure owner has the potential to spark a broader contagion, especially if the local banking system gets infected
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It is still unclear whether the index provider has adjusted weightings of any of the group's stocks in its equity gauges in its latest review
Business Standard brings you the top headlines at this hour
Biocon is expected to get excluded from the index
Deal could add to asset manager's investability weight in MSCI and FTSE indices, lead to higher foreign inclusion factor, they say
The rupee closed at 81.43 per US dollar on Wednesday as against 81.72 per dollar on Tuesday
The price-to-earnings (P/E) for the industrial and consumer staples sectors has more than doubled that of other Asian markets
Both stocks were the biggest gainers in both the Sensex and Nifty indices and accounted for nearly half of the gains made by these indices
The company was listed separately on October 19, following its demerger from Piramal Enterprises
Sustained selling by FPIs increases investment legroom to 22% at the end of September 2022 quarter
The US Fed delivered third large rate hike last week with over half of Nifty500 stocks slipping below their key moving averages. Is this fall set to continue or is the recent selling an overreaction?
Nifty P/E 82% higher than MSCI EM; up from 54% in June
In the past three months, the stock has zoomed 161 per cent, as compared to 5 per cent decline in the S&P BSE Sensex.
From India, MSCI has added 4 stocks - Adani Power, AU Small Finance Bank, Jindal Steel & Power and Tata Elxsi, whereas, deleted HDFC AMC.
Global index providers MSCI and FTSE say sanctions have made Russia's stock market "un-investable" and, proposed removal of Russian listings from their indices. Will India see FPI inflows after this?
The gain was underpinned by the stock's inclusion in the MSCI Standard Index and strong top-line performance in the September quarter
The entry of new-age companies will boost revenues but make indices pricier